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Gold/Mining/Energy : BLACK HAWK (TSE:BHK) -- Ignore unavailable to you. Want to Upgrade?

To: Gord Bolton who wrote (233)	3/4/1999 8:52:00 AM
From: JAS	Respond to of 545

Gord.. very good reasoning. All indications are it is a buy. HOWEVER, many times these dips are not bottoms. There are but market warning signals for worse things ahead. I would bring up stop losses if and when gains continue. Best of luck Jim S

To: Gord Bolton who wrote (233)	3/4/1999 10:53:00 AM
From: zoli bognar	Respond to of 545

Hi Gordon. Have small block of BHK. I paid from 14-22cents. The big stock dump in the last days lower our stock value,will go back to 18 cents will take about 14 days. I think somebody trying to damage our stocks value, who know may take over game? May be Insiders warning move? Big speculators game sell low 2 milion -buy bach 6 million at the low price. Dump low-buy low.They create panic. GOOD LUCK Gord.Regards Zoli.

To: Gord Bolton who wrote (233)	3/4/1999 11:58:00 AM
From: Stephen O	Read Replies (2) \| Respond to of 545

Gord This is my biggest holding in the mining area. I use 117 million shares. The Keystone mine is scheduled to shut in April 2000 due to lack of ore. That is offset by the El Limon mine coming up with more reserves. The latest drilling adds about 135,000 ounces of proven. It will be very interesting to see their reported reserves at year end. Your 3.5 million ozs are geological resources, these are not proven or probable. I did a rough comparison with Barrick, ABX, on market cap using production numbers. ABX will produce 35 times more gold in 1999 than BHK but its market cap is 700 times larger than BHK. There is significant room for BHK to increase. The selling pressure on BHK has come from mutual funds eliminating positions in small cos, recently it was Royal Precious metals fund, before that it was Sceptre equity. Open ended mutual funds get redemptions they have to come up with the cash. What is sold is the smaller cos first. The secret to investment success is buy cheap and buy when funds are not in the stock. Eventually they will come back in and then you sell to them. My target for BHK is $1 with gold at $350 an ounce.